Carmel Capital Partners LLC Has $7.40 Million Stake in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF)

Carmel Capital Partners LLC boosted its stake in VanEck Preferred Securities ex Financials ETF (NYSEARCA:PFXF) by 13.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 405,387 shares of the company’s stock after buying an additional 49,022 shares during the period. VanEck Preferred Securities ex Financials ETF accounts for approximately 2.9% of Carmel Capital Partners LLC’s investment portfolio, making the stock its 6th largest holding. Carmel Capital Partners LLC owned 0.44% of VanEck Preferred Securities ex Financials ETF worth $7,402,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Creekside Partners bought a new stake in VanEck Preferred Securities ex Financials ETF during the second quarter worth approximately $232,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of VanEck Preferred Securities ex Financials ETF by 29.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 404,782 shares of the company’s stock worth $7,003,000 after purchasing an additional 93,192 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of VanEck Preferred Securities ex Financials ETF by 5.5% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 1,254,471 shares of the company’s stock worth $21,702,000 after purchasing an additional 65,109 shares in the last quarter. Park Avenue Securities LLC lifted its stake in VanEck Preferred Securities ex Financials ETF by 8.1% during the third quarter. Park Avenue Securities LLC now owns 417,114 shares of the company’s stock valued at $7,616,000 after purchasing an additional 31,165 shares during the last quarter. Finally, Sound Income Strategies LLC lifted its position in shares of VanEck Preferred Securities ex Financials ETF by 4.7% during the 3rd quarter. Sound Income Strategies LLC now owns 292,588 shares of the company’s stock valued at $5,343,000 after acquiring an additional 13,139 shares during the last quarter.

VanEck Preferred Securities ex Financials ETF Trading Up 1.1 %

Shares of PFXF opened at $18.31 on Friday. The business’s 50-day moving average price is $18.14 and its 200 day moving average price is $17.64. VanEck Preferred Securities ex Financials ETF has a 1-year low of $16.18 and a 1-year high of $18.45. The stock has a market capitalization of $1.70 billion, a P/E ratio of 0.59 and a beta of 0.51.

About VanEck Preferred Securities ex Financials ETF

The VanEck Preferred Securities ex Financials ETF (PFXF) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks an index comprised of USD denominated preferred securities and securities that the index provider deems to be functionally equivalent. Securities issued by financial firms are excluded.